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Filing year 2024

Holy Cross Electric Association Inc

Glenwood Springs, Colorado·EIN 84-0229176·12
Total revenue
$159.4M
Total assets
$391.5M
Total expenses
$158.1M
Reported officers
18
Mission

Holy Cross Energy provides safe, reliable, affordable, and sustainable energy and services that improve the quality of life for our members and their communities.

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2024

President and CEO
$776k
$826k
Base
$533k
Bonus
$92k
Other
Benefits
$36k
VP Engineering
vice president
$498k
$530k
Base
$253k
Bonus
$26k
Other
$37k
Benefits
$29k
VP Operations
vice president
$453k
$483k
Base
$258k
Bonus
$25k
Other
$14k
Benefits
$36k
VP Member & Community Relations
vice president
$419k
$446k
Base
$254k
Bonus
$25k
Other
$2k
Benefits
$36k
VP Finance
vice president
$393k
$418k
Base
$246k
Bonus
$25k
Other
Benefits
$36k
VP Business Services
vice president
$378k
$403k
Base
$234k
Bonus
$23k
Other
Benefits
$36k
Director Human Resources
highest compensated employee
$342k
$364k
Base
$197k
Bonus
$15k
Other
$14k
Benefits
$36k
Manager Operations Technology
highest compensated employee
$318k
$338k
Base
$180k
Bonus
$14k
Other
$24k
Benefits
$13k
Manager Glenwood Line Operations
highest compensated employee
$315k
$335k
Base
$182k
Bonus
$14k
Other
$17k
Benefits
$24k
Manager Construction Engineering
highest compensated employee
$306k
$326k
Base
$186k
Bonus
$14k
Other
Benefits
$36k
Manager Accounting
highest compensated employee
$306k
$325k
Base
$168k
Bonus
$13k
Other
$20k
Benefits
$24k
Director
board member
$37k
$40k
Director
board member
$35k
$37k
Director
board member
$27k
$28k
Director
board member
$26k
$27k
Director
board member
$26k
$27k
Director
board member
$24k
$26k
Director
board member
$21k
$23k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 2%
from 2023

From $795k in 2023 to $776k in 2024.

$795k
2023
$776k
2024
In today's dollarsEst.
Down 5% in real terms$870k to $826k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Holy Cross Electric Association Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$158.8M
$156.6M
2023
$159.4M
$158.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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